Company Profile

Kirby Corporation, headquartered in Houston, Texas, is the nation’s premier tank barge operator, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, along all three U.S. coasts, and in Alaska and Hawaii for a blue chip customer base.

Kirby’s inland tank barge fleet represents approximately 22% of the U.S. inland tank barge capacity, transporting petrochemicals, black oil, refined petroleum products and agricultural products. Kirby’s inland fleet consists of 841 tank barges with 17.3 million barrels of capacity and 227 towboats. More about Kirby Inland Marine

Kirby’s coastal tank barge fleet, one of the youngest fleets in the U.S. coastal trade, transports refined petroleum products, petrochemicals and black oil along the East Coast, West Coast and Gulf Coast, as well as Alaska and Hawaii. Kirby’s coastal tank barge fleet consists of 56 tank barges with 5.4 million barrels of capacity and 53 tugboats. Kirby also operates five offshore dry-bulk cargo barges, five offshore tugboats and one docking tugboat engaged in the offshore transportation of dry-bulk cargoes.  More about Kirby Offshore Marine

Through the distribution and services segment, Kirby provides after-market service and parts for engines, transmissions, reduction gears, and related equipment used in oilfield services, marine, power generation, on-highway, and other industrial applications. Kirby also rents equipment including generators, forklifts, pumps, and compressors for use in a variety of industrial markets, and manufactures and remanufactures oilfield service equipment, including pressure pumping units, for land-based oilfield service customers.

Investor Presentations

February 2018 Roadshow

Higman Marine, Inc. Acquisition

2017:
 November 2017 Roadshow
2016:  November 2016 Roadshow
2015:
 December 2015 Roadshow
2014:  June 2014 Roadshow

Investor Relations Inquiries

For copies of the Annual Report or other general inquiries, please e-mail Investor.Relations@kirbycorp.com.
($ millions, except 
per share amounts
)
Fourth QuarterTwelve Months
20172016Increase/
(Decrease)
20172016Increase/
(Decrease)
Marine Revenues$330.4
$356.2($25.8)$1,324.1$1,471.9($147.8)
Dist & Services Revenues$377.7$79.4$298.3$890.3$298.8$591.5
Total Revenues$708.1$435.7$272.4$2,214.4$1,770.7$443.7
Operating Income($52.2)$56.8($109.0)$94.2$245.2($151.0)
Net Earnings$231.3$32.4$198.9$313.2$141.4$171.8
EPS – diluted$3.87$0.60$3.27$5.62$2.62$3.00


Key operating performance measures
Reconciliation of GAAP net earnings attributable to Kirby to non-GAAP EBITDA

The largest product category for Kirby’s marine transportation businesses is petrochemicals and chemicals. This portion of the business is expected to benefit from growth in the United States domestic production of petrochemicals with the addition of new plants and expansion of additional plants. Look below for an updated map of petrochemical plant expansions occurring throughout the country.

Download the PDF

The U.S. inland waterway system is comprised mainly of the Mississippi River and its tributaries and the Gulf Intracoastal Waterway (see map below) and is one of the busiest, cost-efficient, productive and safest transportation systems in the world. The inland waterway system comprises 12,000 miles of navigable interconnected rivers, canals and intracoastal waterways serving the U.S. as water highways.

The U.S. also benefits from the coastwise trade of bulk liquid and dry products to ports along the East Coast, Gulf Coast and West Coast, as well as in Alaska and Hawaii.

Data as of December 31, 2017

Inland Tank Barge Fleet

  • Petrochemicals and refined products 657
  • Black oil 108
  • Pressure 61
  • Anhydrous ammonia 10
  • Specialty 5
  • Total 841
  • Total Barrel Capacity 17.3MM

Inland Towboat Fleet

  • 800-1300 HP 64
  • 1400-1900 HP 70
  • 2000-2400 HP 62
  • 2500-3200 HP 16
  • 3300-4800 HP 11
  • 5000+ HP 3
  • Spot Charters 1
  • Total 227

Coastal Tank Barge Fleet

  • Refined products/petrochemicals 37
  • Black oil 19
  • Total 56
  • Total Barrel Capacity 5.4MM

Coastal Tugboat Fleet

  • 1000-1900 HP 4
  • 2000-2900 HP 2
  • 3000-3900 HP 10
  • 4000-4900 HP 14
  • 5000-6900 HP 13
  • 7000+ HP 10
  • Total 53

Offshore Dry-Bulk Cargo Fleet

  • Dry-bulk barge and tugboat units 5
  • Deadweight tonnage 96,000